Vikalp Securities Announces Resignations and Appointment of New Director

K N Mishra

28/Mar/2025

What's covered under the Article:

Resignation of Mr. Vinod Kumar Sharma and Mr. Arun Kejriwal due to pre-occupation.
Appointment of Mrs. Kamuben Dipakkumar Patel as an Additional Director.
Details of changes disclosed under SEBI and BSE compliance.

Vikalp Securities Limited, a company based in Kanpur, Uttar Pradesh, has announced key changes to its board of directors in a meeting held on March 27, 2025. The company disclosed the resignation of Mr. Vinod Kumar Sharma from his position as Independent Director and Mr. Arun Kejriwal from the role of Managing Director, both effective from the same date. Their resignations are attributed to pre-occupation and other personal reasons, with both confirming that there were no material reasons beyond those stated in their resignation letters.

In addition to the resignations, the board also approved the appointment of Mrs. Kamuben Dipakkumar Patel as an Additional Non-Executive Director, effective from March 27, 2025. Mrs. Patel, an experienced entrepreneur and business planner, will serve in this position until the next Annual General Meeting (AGM), subject to approval by the company’s shareholders.

These decisions, outlined under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, come after the company reviewed and accepted the recommendations of its Nomination and Remuneration Committee.

Further details were shared in the official filing to the Bombay Stock Exchange (BSE), including confirmation that none of the directors involved are debarred from holding office by any regulatory authority, as per SEBI regulations.

This strategic board reshuffle marks a significant transition at Vikalp Securities and is expected to impact the company’s governance structure going forward.

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Vikalp Securities Announces Resignations and Appointment of New Director

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